Analysts Set Tetra Technologies, Inc. (NYSE:TTI) Target Price at $10.25

Shares of Tetra Technologies, Inc. (NYSE:TTI) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $10.25.

A number of research analysts have issued reports on TTI shares. Stifel Nicolaus increased their target price on shares of Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Clear Str cut Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Northland Securities increased their price target on Tetra Technologies from $8.50 to $11.50 and gave the stock an “outperform” rating in a research report on Wednesday, December 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Tetra Technologies in a research note on Friday, January 9th.

Tetra Technologies Stock Performance

Shares of NYSE TTI opened at $8.79 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 439.30 and a beta of 1.22. The stock’s fifty day moving average price is $9.12 and its two-hundred day moving average price is $8.82. Tetra Technologies has a one year low of $2.31 and a one year high of $12.54.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Tetra Technologies had a net margin of 0.48% and a return on equity of 12.56%. The business had revenue of $146.68 million during the quarter, compared to analyst estimates of $140.98 million. On average, equities analysts forecast that Tetra Technologies will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new stake in Tetra Technologies during the fourth quarter worth about $33,000. Stone House Investment Management LLC acquired a new position in shares of Tetra Technologies in the 4th quarter valued at approximately $39,000. Rockefeller Capital Management L.P. bought a new stake in shares of Tetra Technologies during the 4th quarter worth approximately $45,000. State of Alaska Department of Revenue bought a new stake in shares of Tetra Technologies during the 3rd quarter worth approximately $28,000. Finally, Generali Investments Management Co LLC acquired a new stake in shares of Tetra Technologies during the 4th quarter worth approximately $54,000. Institutional investors own 70.19% of the company’s stock.

About Tetra Technologies

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.